The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning about two crypto firms, “LonShiX” and “Bitbank (Global) Financial Holding Group,” suspected of engaging in fraud. LonShiX falsely claimed a Hong Kong address and posed as a recognized investment professional, misleading potential investors through social media platforms. Bitbank (Global) Financial Holding Group, despite its name’s resemblance to a legitimate Japanese exchange, is unrelated and is suspected of disseminating false information, including claims of having an SFC license. The Hong Kong Police Force has blocked their websites and associated accounts at the SFC’s request. Both entities are on the China Securities Regulatory Commission’s suspicious virtual asset trading platform warning list. The SFC warns the public to be cautious of investment opportunities, especially those promoted through social media, emphasizing its commitment to investor protection. This warning follows earlier actions by the SFC cracking down on crypto websites engaging in fraudulent activities. The regulatory scrutiny has intensified in the wake of the JPEX scandal that defrauded victims of nearly $200 million.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}